“World Bank Warns G20 Employment Ministers Of ‘Global Jobs Crisis’”

Dr. Michael LaitmanIn the News (from International Business Times): “The world faces a global job crisis if the current employment growth trajectory continues, according to a joint report from the World Bank, the International Labour Organisation and the Organisation for Economic Co-operation and Development.

“The organisations said there will need to be 600 million extra jobs created across the world by 2030 to cope with expanding populations, and there will be not be enough quality jobs.

“’There’s little doubt there is a global jobs crisis,’ said Nigel Twose, the World Bank’s senior director for jobs. …

“The weak labour market performance is also threatening economic recovery because it is constraining both consumption and investment, with more than 100 million people still unemployed in the G20 economies and 447 million ‘working poor’ living on less than $2 a day in emerging G20 economies.”

My Comment: The solution is not to create jobs. Unemployment will continue to grow with the development of new technologies. Working “in vain” means depleting resources only to occupy people. In the long term, no more than 2-3% of the population will be engaged in work in order to provide for the world’s population with everything necessary.

The solution is to include everyone in integral education, and then, to the extent of its assimilation, changing the social structure to a society of rational consumption.

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